TotalEnergies and Partners Reach FID for Absheron Gas Field Development

Key Facts

1TotalEnergies and partners SOCAR and XRG have taken the Final Investment Decision (FID) for the full field development of the Absheron gas field.

2The Absheron field in the Caspian Sea holds approximately 140 billion cubic meters of recoverable gas reserves.

TotalEnergies and its partners SOCAR and XRG have taken the Final Investment Decision (FID) for the full field development of the Absheron gas field in Azerbaijan. Business Wire reported that the decision marks the transition to full-scale operations following the successful initial development phase.

The Absheron field, situated in the Caspian Sea, holds approximately 140 billion cubic meters of recoverable gas reserves according to Business Wire. This capital commitment is directed toward expanding gas and condensate production capacity, aligning with the partners' long-term energy production growth strategies.